January 11, 2021 9:00 AM
星空体育app下载 announces it has completed the $39.7 million sale for South Bay Village, a 107,539-square-foot grocery-anchored shopping center in Torrance, California.
星空体育app下载鈥檚 Vice Chairman and Executive Managing Director as well as Luke Palmo with Westmac Commercial Brokerage Company represented the seller, Regency Centers, and the buyer, Charing Cross, in the transaction.
Located at 19330 Hawthorne Boulevard, South Bay Village is occupied by nationally recognized tenants including Homes Goods, Wal-Mart, and El Pollo Loco. The property benefits from a dedicated signalized access point, best in class tenants and cross-shopping with neighboring Torrance Promenade, a 270,000-square-foot center anchored by Trader Joe’s, Marshalls, Ross, Party City and Burlington Coat Factory.
鈥淪outh Bay Village presented a unique opportunity for the buyer to acquire a strong performing grocery anchored center with exceptional credit tenants that is located in the heart of one of the strongest retail corridors in Southern California,鈥� said Bauman. 鈥淭his is a win-win for both the seller and the buyer in terms of pricing and execution.鈥�
Built in 1971 and renovated in 2012, South Bay Village is situated on arguably one of Los Angeles County鈥檚 strongest commercial corridors with nearly 72,025 cars passing per day. Hawthorne Boulevard, the heartbeat of the South Bay, services Manhattan Beach, Hermosa Beach, Redondo Beach, Palos Verdes Peninsula, El Segundo, Torrance, Gardena and Hawthorne.
Torrance is a coastal community in southwestern Los Angeles County with 1.5 miles of shore-front beaches. The average household income exceeds $94,000, within a three mile radius of South Bay Village.
About 星空体育app下载 (Nasdaq: NMRK)
星空体育app下载 Group, Inc., together with its subsidiaries (鈥溞强仗逵齛pp下载鈥�), is a world leader in commercial real estate services, with a comprehensive suite of investor/owner and occupier services and products. Our integrated platform seamlessly powers every phase of owning or occupying a property. Our services are tailored to every type of client, from owners to occupiers, investors to founders, growing startups to leading companies. Harnessing the power of data, technology, and industry expertise, we bring ingenuity to every exchange, and imagination to every space. Together with London-based partner Knight Frank and independently owned offices, our 18,800 professionals operate from approximately 500 offices around the world, delivering a global perspective and a nimble approach. In 2019, 星空体育app下载 generated revenues in excess of $2.2 billion. To learn more, visit nmrk.com or follow .
Discussion of Forward-Looking Statements About 星空体育app下载
Statements in this document regarding 星空体育app下载 that are not historical facts are 鈥渇orward-looking statements鈥� that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the effects of the COVID-19 pandemic on the Company’s business, results, financial position, liquidity and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, 星空体育app下载 undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see 星空体育app下载鈥檚 Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.